Minnesota 2025-2026 Regular Session

Minnesota Senate Bill SF1957 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1.1 A bill for an act
2	2	1.2 relating to taxation; property; property tax refund; establishing a process for seniors
3	3	1.3 to receive an advance credit of the homestead credit refund; establishing the advance
4	4	1.4 credit; amending Minnesota Statutes 2024, sections 273.1392; 273.1393; 275.065,
5	5	1.5 subdivision 3; 276.04, subdivision 2; 290A.03, subdivision 13, by adding
6	6	1.6 subdivisions; proposing coding for new law in Minnesota Statutes, chapters 273;
7	7	1.7 290A.
8	8	1.8BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
9	9	1.9 Section 1. [273.1389] ADVANCE HOMESTEAD CREDIT FOR SENIORS.
10	10	1.10 Subdivision 1.Eligibility.Homestead property is eligible to receive the advance
11	11	1.11homestead credit for seniors under this section if it is owned by an eligible senior claimant
12	12	1.12who received homestead treatment on the property in the prior taxes payable year. For the
13	13	1.13purposes of this section, "eligible senior claimant" means a claimant who has submitted an
14	14	1.14application and has been determined eligible under section 290A.071.
15	15	1.15 Subd. 2.Credit amount.For each qualifying property, the amount of the advance
16	16	1.16homestead credit for seniors is equal to 50 percent of the amount of the homestead credit
17	17	1.17refund the property owner received in the previous year.
18	18	1.18 Subd. 3.Certification.No later than January 2 of the year for which an eligible senior
19	19	1.19claimant elected to receive the advance homestead credit for seniors under this section, the
20	20	1.20commissioner of revenue must calculate and certify to each county auditor credit amounts
21	21	1.21under this section. The county auditor must apply the credit to each qualifying property's
22	22	1.22first half payment. If a property's credit amount under subdivision 2 exceeds the first half
23	23	1.23payment amount after all other applicable credits, the auditor must reduce the advance
24	24	1.24homestead credit for seniors so that the first half payment amount is $0. No later than July
25	25	1Section 1.
26	26	25-01443 as introduced01/21/25 REVISOR EAP/CH
27	27	SENATE
28	28	STATE OF MINNESOTA
29	29	S.F. No. 1957NINETY-FOURTH SESSION
30	30	(SENATE AUTHORS: NELSON and Klein)
31	31	OFFICIAL STATUSD-PGDATE
32	32	Introduction and first reading02/27/2025
33	33	Referred to Taxes 2.11 of the taxes payable year in which the credit is applied, the county auditor must certify
34	34	2.2any reductions under this subdivision to the commissioner of revenue under section 270C.85,
35	35	2.3subdivision 2. The commissioner shall review the certifications for accuracy and may make
36	36	2.4any changes the commissioner deems necessary or return the certification to the county
37	37	2.5auditor for correction.
38	38	2.6 Subd. 4.Payment.(a) The commissioner of revenue shall reimburse each local taxing
39	39	2.7jurisdiction, other than school districts, for the tax reductions granted under this section in
40	40	2.8one installment on October 31 of the taxes payable year for which the reductions are granted,
41	41	2.9including in each payment any prior year adjustments. The reimbursements related to tax
42	42	2.10increments shall be issued in one installment each year on December 26.
43	43	2.11 (b) The commissioner of revenue shall certify the total of the tax reductions granted
44	44	2.12under this section for each taxes payable year within each school district to the commissioner
45	45	2.13of education. The commissioner of education shall pay the reimbursement amounts to each
46	46	2.14school district as provided in section 273.1392.
47	47	2.15 Subd. 5.Appropriation.An amount sufficient to make the payments required by this
48	48	2.16section to taxing jurisdictions other than school districts is annually appropriated from the
49	49	2.17general fund to the commissioner of revenue. An amount sufficient to make the payments
50	50	2.18required by this section for school districts is annually appropriated from the general fund
51	51	2.19to the commissioner of education.
52	52	2.20 EFFECTIVE DATE.This section is effective beginning with property taxes payable
53	53	2.21in 2027.
54	54	2.22 Sec. 2. Minnesota Statutes 2024, section 273.1392, is amended to read:
55	55	2.23 273.1392 PAYMENT; SCHOOL DISTRICTS.
56	56	2.24 The amounts of bovine tuberculosis credit reimbursements under section 273.113;
57	57	2.25conservation tax credits under section 273.119; disaster or emergency reimbursement under
58	58	2.26sections 273.1231 to 273.1235; agricultural credits under sections 273.1384 and 273.1387;
59	59	2.27the advance homestead credit for seniors under section 273.1389; aids and credits under
60	60	2.28section 273.1398; enterprise zone property credit payments under section 469.171;
61	61	2.29metropolitan agricultural preserve reduction under section 473H.10; and electric generation
62	62	2.30transition aid under section 477A.24 for school districts, shall be certified to the Department
63	63	2.31of Education by the Department of Revenue. The amounts so certified shall be paid according
64	64	2.32to section 127A.45, subdivisions 9, 10, and 13.
65	65	2Sec. 2.
66	66	25-01443 as introduced01/21/25 REVISOR EAP/CH 3.1 EFFECTIVE DATE.This section is effective beginning with property taxes payable
67	67	3.2in 2027.
68	68	3.3 Sec. 3. Minnesota Statutes 2024, section 273.1393, is amended to read:
69	69	3.4 273.1393 COMPUTATION OF NET PROPERTY TAXES.
70	70	3.5 Notwithstanding any other provisions to the contrary, "net" property taxes are determined
71	71	3.6by subtracting the credits in the order listed from the gross tax:
72	72	3.7 (1) disaster credit as provided in sections 273.1231 to 273.1235;
73	73	3.8 (2) powerline credit as provided in section 273.42;
74	74	3.9 (3) agricultural preserves credit as provided in section 473H.10;
75	75	3.10 (4) enterprise zone credit as provided in section 469.171;
76	76	3.11 (5) disparity reduction credit;
77	77	3.12 (6) conservation tax credit as provided in section 273.119;
78	78	3.13 (7) the school bond credit as provided in section 273.1387;
79	79	3.14 (8) agricultural credit as provided in section 273.1384;
80	80	3.15 (9) taconite homestead credit as provided in section 273.135;
81	81	3.16 (10) supplemental homestead credit as provided in section 273.1391; and
82	82	3.17 (11) the bovine tuberculosis zone credit, as provided in section 273.113.; and
83	83	3.18 (12) the advance homestead credit for seniors under section 273.1389.
84	84	3.19 The combination of all property tax credits must not exceed the gross tax amount.
85	85	3.20 EFFECTIVE DATE.This section is effective beginning with property taxes payable
86	86	3.21in 2027.
87	87	3.22 Sec. 4. Minnesota Statutes 2024, section 275.065, subdivision 3, is amended to read:
88	88	3.23 Subd. 3.Notice of proposed property taxes.(a) The county auditor shall prepare and
89	89	3.24the county treasurer shall deliver after November 10 and on or before November 24 each
90	90	3.25year, by first class mail to each taxpayer at the address listed on the county's current year's
91	91	3.26assessment roll, a notice of proposed property taxes. Upon written request by the taxpayer,
92	92	3.27the treasurer may send the notice in electronic form or by electronic mail instead of on paper
93	93	3.28or by ordinary mail.
94	94	3Sec. 4.
95	95	25-01443 as introduced01/21/25 REVISOR EAP/CH 4.1 (b) The commissioner of revenue shall prescribe the form of the notice.
96	96	4.2 (c) The notice must inform taxpayers that it contains the amount of property taxes each
97	97	4.3taxing authority proposes to collect for taxes payable the following year. In the case of a
98	98	4.4town, or in the case of the state general tax, the final tax amount will be its proposed tax.
99	99	4.5The notice must clearly state for each city that has a population over 500, county, school
100	100	4.6district, regional library authority established under section 134.201, metropolitan taxing
101	101	4.7districts as defined in paragraph (i), and fire protection and emergency medical services
102	102	4.8special taxing districts established under section 144F.01, the time and place of a meeting
103	103	4.9for each taxing authority in which the budget and levy will be discussed and public input
104	104	4.10allowed, prior to the final budget and levy determination. The taxing authorities must provide
105	105	4.11the county auditor with the information to be included in the notice on or before the time it
106	106	4.12certifies its proposed levy under subdivision 1. The public must be allowed to speak at that
107	107	4.13meeting, which must occur after November 24 and must not be held before 6:00 p.m. It
108	108	4.14must provide a website address and a telephone number for the taxing authority that taxpayers
109	109	4.15may call if they have questions related to the notice and an address where comments will
110	110	4.16be received by mail, except that no notice required under this section shall be interpreted
111	111	4.17as requiring the printing of a personal telephone number or address as the contact information
112	112	4.18for a taxing authority. If a taxing authority does not maintain a website or public offices
113	113	4.19where telephone calls can be received by the authority, the authority may inform the county
114	114	4.20of the lack of a public website or telephone number and the county shall not list a website
115	115	4.21or telephone number for that taxing authority.
116	116	4.22 (d) The notice must state for each parcel:
117	117	4.23 (1) the market value of the property as determined under section 273.11, and used for
118	118	4.24computing property taxes payable in the following year and for taxes payable in the current
119	119	4.25year as each appears in the records of the county assessor on November 1 of the current
120	120	4.26year; and, in the case of residential property, whether the property is classified as homestead
121	121	4.27or nonhomestead. The notice must clearly inform taxpayers of the years to which the market
122	122	4.28values apply and that the values are final values;
123	123	4.29 (2) the items listed below, shown separately by county, city or town, and state general
124	124	4.30tax, agricultural homestead credit under section 273.1384, school building bond agricultural
125	125	4.31credit under section 273.1387, the advance homestead credit for seniors under section
126	126	4.32273.1389, voter approved school levy, other local school levy, and the sum of the special
127	127	4.33taxing districts, and as a total of all taxing authorities:
128	128	4.34 (i) the actual tax for taxes payable in the current year; and
129	129	4Sec. 4.
130	130	25-01443 as introduced01/21/25 REVISOR EAP/CH 5.1 (ii) the proposed tax amount.
131	131	5.2 If the county levy under clause (2) includes an amount for a lake improvement district
132	132	5.3as defined under sections 103B.501 to 103B.581, the amount attributable for that purpose
133	133	5.4must be separately stated from the remaining county levy amount.
134	134	5.5 In the case of a town or the state general tax, the final tax shall also be its proposed tax
135	135	5.6unless the town changes its levy at a special town meeting under section 365.52. If a school
136	136	5.7district has certified under section 126C.17, subdivision 9, that a referendum will be held
137	137	5.8in the school district at the November general election, the county auditor must note next
138	138	5.9to the school district's proposed amount that a referendum is pending and that, if approved
139	139	5.10by the voters, the tax amount may be higher than shown on the notice. In the case of the
140	140	5.11city of Minneapolis, the levy for Minneapolis Park and Recreation shall be listed separately
141	141	5.12from the remaining amount of the city's levy. In the case of the city of St. Paul, the levy for
142	142	5.13the St. Paul Library Agency must be listed separately from the remaining amount of the
143	143	5.14city's levy. In the case of Ramsey County, any amount levied under section 134.07 may be
144	144	5.15listed separately from the remaining amount of the county's levy. In the case of a parcel
145	145	5.16where tax increment or the fiscal disparities areawide tax under chapter 276A or 473F
146	146	5.17applies, the proposed tax levy on the captured value or the proposed tax levy on the tax
147	147	5.18capacity subject to the areawide tax must each be stated separately and not included in the
148	148	5.19sum of the special taxing districts; and
149	149	5.20 (3) the increase or decrease between the total taxes payable in the current year and the
150	150	5.21total proposed taxes, expressed as a percentage.
151	151	5.22 For purposes of this section, the amount of the tax on homesteads qualifying under the
152	152	5.23senior citizens' property tax deferral program under chapter 290B is the total amount of
153	153	5.24property tax before subtraction of the deferred property tax amount.
154	154	5.25 (e) The notice must clearly state that the proposed or final taxes do not include the
155	155	5.26following:
156	156	5.27 (1) special assessments;
157	157	5.28 (2) levies approved by the voters after the date the proposed taxes are certified, including
158	158	5.29bond referenda and school district levy referenda;
159	159	5.30 (3) a levy limit increase approved by the voters by the first Tuesday after the first Monday
160	160	5.31in November of the levy year as provided under section 275.73;
161	161	5.32 (4) amounts necessary to pay cleanup or other costs due to a natural disaster occurring
162	162	5.33after the date the proposed taxes are certified;
163	163	5Sec. 4.
164	164	25-01443 as introduced01/21/25 REVISOR EAP/CH 6.1 (5) amounts necessary to pay tort judgments against the taxing authority that become
165	165	6.2final after the date the proposed taxes are certified; and
166	166	6.3 (6) the contamination tax imposed on properties which received market value reductions
167	167	6.4for contamination.
168	168	6.5 (f) Except as provided in subdivision 7, failure of the county auditor to prepare or the
169	169	6.6county treasurer to deliver the notice as required in this section does not invalidate the
170	170	6.7proposed or final tax levy or the taxes payable pursuant to the tax levy.
171	171	6.8 (g) If the notice the taxpayer receives under this section lists the property as
172	172	6.9nonhomestead, and satisfactory documentation is provided to the county assessor by the
173	173	6.10applicable deadline, and the property qualifies for the homestead classification in that
174	174	6.11assessment year, the assessor shall reclassify the property to homestead for taxes payable
175	175	6.12in the following year.
176	176	6.13 (h) In the case of class 4 residential property used as a residence for lease or rental
177	177	6.14periods of 30 days or more, the taxpayer must either:
178	178	6.15 (1) mail or deliver a copy of the notice of proposed property taxes to each tenant, renter,
179	179	6.16or lessee; or
180	180	6.17 (2) post a copy of the notice in a conspicuous place on the premises of the property.
181	181	6.18 The notice must be mailed or posted by the taxpayer by November 27 or within three
182	182	6.19days of receipt of the notice, whichever is later. A taxpayer may notify the county treasurer
183	183	6.20of the address of the taxpayer, agent, caretaker, or manager of the premises to which the
184	184	6.21notice must be mailed in order to fulfill the requirements of this paragraph.
185	185	6.22 (i) For purposes of this subdivision and subdivision 6, "metropolitan special taxing
186	186	6.23districts" means the following taxing districts in the seven-county metropolitan area that
187	187	6.24levy a property tax for any of the specified purposes listed below:
188	188	6.25 (1) Metropolitan Council under section 473.132, 473.167, 473.249, 473.325, 473.446,
189	189	6.26473.521, 473.547, or 473.834;
190	190	6.27 (2) Metropolitan Airports Commission under section 473.667, 473.671, or 473.672; and
191	191	6.28 (3) Metropolitan Mosquito Control Commission under section 473.711.
192	192	6.29 For purposes of this section, any levies made by the regional rail authorities in the county
193	193	6.30of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, or Washington under chapter 398A
194	194	6.31shall be included with the appropriate county's levy.
195	195	6Sec. 4.
196	196	25-01443 as introduced01/21/25 REVISOR EAP/CH 7.1 (j) The governing body of a county, city, or school district may, with the consent of the
197	197	7.2county board, include supplemental information with the statement of proposed property
198	198	7.3taxes about the impact of state aid increases or decreases on property tax increases or
199	199	7.4decreases and on the level of services provided in the affected jurisdiction. This supplemental
200	200	7.5information may include information for the following year, the current year, and for as
201	201	7.6many consecutive preceding years as deemed appropriate by the governing body of the
202	202	7.7county, city, or school district. It may include only information regarding:
203	203	7.8 (1) the impact of inflation as measured by the implicit price deflator for state and local
204	204	7.9government purchases;
205	205	7.10 (2) population growth and decline;
206	206	7.11 (3) state or federal government action; and
207	207	7.12 (4) other financial factors that affect the level of property taxation and local services
208	208	7.13that the governing body of the county, city, or school district may deem appropriate to
209	209	7.14include.
210	210	7.15 The information may be presented using tables, written narrative, and graphic
211	211	7.16representations and may contain instruction toward further sources of information or
212	212	7.17opportunity for comment.
213	213	7.18 EFFECTIVE DATE.This section is effective beginning with property taxes payable
214	214	7.19in 2027.
215	215	7.20 Sec. 5. Minnesota Statutes 2024, section 276.04, subdivision 2, is amended to read:
216	216	7.21 Subd. 2.Contents of tax statements.(a) The treasurer shall provide for the printing of
217	217	7.22the tax statements. The commissioner of revenue shall prescribe the form of the property
218	218	7.23tax statement and its contents. The tax statement must not state or imply that property tax
219	219	7.24credits are paid by the state of Minnesota. The statement must contain a tabulated statement
220	220	7.25of the dollar amount due to each taxing authority and the amount of the state tax from the
221	221	7.26parcel of real property for which a particular tax statement is prepared. The dollar amounts
222	222	7.27attributable to the county, the state tax, the voter approved school tax, the other local school
223	223	7.28tax, the township or municipality, and the total of the metropolitan special taxing districts
224	224	7.29as defined in section 275.065, subdivision 3, paragraph (i), must be separately stated. The
225	225	7.30amounts due all other special taxing districts, if any, may be aggregated except that any
226	226	7.31levies made by the regional rail authorities in the county of Anoka, Carver, Dakota, Hennepin,
227	227	7.32Ramsey, Scott, or Washington under chapter 398A shall be listed on a separate line directly
228	228	7.33under the appropriate county's levy. If the county levy under this paragraph includes an
229	229	7Sec. 5.
230	230	25-01443 as introduced01/21/25 REVISOR EAP/CH 8.1amount for a lake improvement district as defined under sections 103B.501 to 103B.581,
231	231	8.2the amount attributable for that purpose must be separately stated from the remaining county
232	232	8.3levy amount. In the case of Ramsey County, if the county levy under this paragraph includes
233	233	8.4an amount for public library service under section 134.07, the amount attributable for that
234	234	8.5purpose may be separated from the remaining county levy amount. The amount of the tax
235	235	8.6on homesteads qualifying under the senior citizens' property tax deferral program under
236	236	8.7chapter 290B is the total amount of property tax before subtraction of the deferred property
237	237	8.8tax amount. The amount of the tax on contamination value imposed under sections 270.91
238	238	8.9to 270.98, if any, must also be separately stated. The dollar amounts, including the dollar
239	239	8.10amount of any special assessments, may be rounded to the nearest even whole dollar. For
240	240	8.11purposes of this section whole odd-numbered dollars may be adjusted to the next higher
241	241	8.12even-numbered dollar.
242	242	8.13 (b) The property tax statements for manufactured homes and sectional structures taxed
243	243	8.14as personal property shall contain the same information that is required on the tax statements
244	244	8.15for real property.
245	245	8.16 (c) Real and personal property tax statements must contain the following information
246	246	8.17in the order given in this paragraph. The information must contain the current year tax
247	247	8.18information in the right column with the corresponding information for the previous year
248	248	8.19in a column on the left:
249	249	8.20 (1) the property's estimated market value under section 273.11, subdivision 1;
250	250	8.21 (2) the property's homestead market value exclusion under section 273.13, subdivision
251	251	8.2235;
252	252	8.23 (3) the property's taxable market value under section 272.03, subdivision 15;
253	253	8.24 (4) the property's gross tax, before credits;
254	254	8.25 (5) for agricultural properties, the credits under sections 273.1384 and 273.1387;
255	255	8.26 (6) any credits received under sections 273.119; 273.1234 or 273.1235; 273.135;
256	256	8.27273.1389; 273.1391; 273.1398, subdivision 4; 469.171; and 473H.10, except that the amount
257	257	8.28of credit received under section 273.135 must be separately stated and identified as "taconite
258	258	8.29tax relief"; and
259	259	8.30 (7) the net tax payable in the manner required in paragraph (a).
260	260	8.31 (d) If the county uses envelopes for mailing property tax statements and if the county
261	261	8.32agrees, a taxing district may include a notice with the property tax statement notifying
262	262	8.33taxpayers when the taxing district will begin its budget deliberations for the current year,
263	263	8Sec. 5.
264	264	25-01443 as introduced01/21/25 REVISOR EAP/CH 9.1and encouraging taxpayers to attend the hearings. If the county allows notices to be included
265	265	9.2in the envelope containing the property tax statement, and if more than one taxing district
266	266	9.3relative to a given property decides to include a notice with the tax statement, the county
267	267	9.4treasurer or auditor must coordinate the process and may combine the information on a
268	268	9.5single announcement.
269	269	9.6 EFFECTIVE DATE.This section is effective beginning with property taxes payable
270	270	9.7in 2027.
271	271	9.8 Sec. 6. Minnesota Statutes 2024, section 290A.03, subdivision 13, is amended to read:
272	272	9.9 Subd. 13.Property taxes payable.(a) "Property taxes payable" means the property tax
273	273	9.10exclusive of:
274	274	9.11 (1) special assessments, penalties, and interest payable on a claimant's homestead after
275	275	9.12deductions made under sections 273.135, 273.1384, 273.1391, 273.42, subdivision 2, and;
276	276	9.13 (2) any other state paid property tax credits in any calendar year, except the credit under
277	277	9.14section 273.1389; and
278	278	9.15 (3) after any refund claimed and allowable under section 290A.04, subdivision 2h, that
279	279	9.16is first payable in the year that the property tax is payable.
280	280	9.17 (b) In the case of a claimant who makes ground lease payments, "property taxes payable"
281	281	9.18includes the amount of the payments directly attributable to the property taxes assessed
282	282	9.19against the parcel on which the house is located.
283	283	9.20 (c) Regardless of the limitations in section 280A(c)(5) of the Internal Revenue Code,
284	284	9.21"property taxes payable" must be apportioned or reduced for the use of a portion of the
285	285	9.22claimant's homestead for a business purpose if the claimant deducts any business depreciation
286	286	9.23expenses for the use of a portion of the homestead or deducts expenses under section 280A
287	287	9.24of the Internal Revenue Code for a business operated in the claimant's homestead.
288	288	9.25 (d) For manufactured homes, "property taxes payable" shall also include 17 percent of
289	289	9.26the gross rent paid in the preceding year for the site on which the homestead is located.
290	290	9.27 (e) When a homestead is owned by two or more persons as joint tenants or tenants in
291	291	9.28common, such tenants shall determine between them which tenant may claim the property
292	292	9.29taxes payable on the homestead. If they are unable to agree, the matter shall be referred to
293	293	9.30the commissioner of revenue whose decision shall be final.
294	294	9.31 (f) Property taxes are considered payable in the year prescribed by law for payment of
295	295	9.32the taxes.
296	296	9Sec. 6.
297	297	25-01443 as introduced01/21/25 REVISOR EAP/CH 10.1 (g) In the case of a claim relating to "property taxes payable," the claimant must have
298	298	10.2owned and occupied the homestead on January 2 of the year in which the tax is payable and
299	299	10.3(i) the property must have been classified as homestead property pursuant to section 273.124,
300	300	10.4on or before December 31 of the assessment year to which the "property taxes payable"
301	301	10.5relate; or (ii) the claimant must provide documentation from the local assessor that application
302	302	10.6for homestead classification has been made on or before December 31 of the year in which
303	303	10.7the "property taxes payable" were payable and that the assessor has approved the application.
304	304	10.8 EFFECTIVE DATE.This section is effective for refunds based on property taxes
305	305	10.9payable in 2027 and thereafter.
306	306	10.10Sec. 7. Minnesota Statutes 2024, section 290A.03, is amended by adding a subdivision to
307	307	10.11read:
308	308	10.12 Subd. 17.Eligible senior claimant."Eligible senior claimant" means a claimant who
309	309	10.13has attained at least the age of 65, or in the case of a married claimant filing a joint claim,
310	310	10.14one spouse has attained at least the age of 65 and the other spouse has attained at least the
311	311	10.15age of 62.
312	312	10.16 EFFECTIVE DATE.This section is effective for advance payment elections after
313	313	10.17December 31, 2025, for credits applied to property taxes payable in 2027 and thereafter.
314	314	10.18Sec. 8. Minnesota Statutes 2024, section 290A.03, is amended by adding a subdivision to
315	315	10.19read:
316	316	10.20 Subd. 18.Homestead credit refund."Homestead credit refund" means the refund under
317	317	10.21section 290A.04, subdivision 2.
318	318	10.22 EFFECTIVE DATE.This section is effective for advance payment elections after
319	319	10.23December 31, 2025, for credits applied to property taxes payable in 2027 and thereafter.
320	320	10.24Sec. 9. [290A.071] ADVANCE CREDIT OF HOMESTEAD CREDIT REFUNDS.
321	321	10.25 Subdivision 1.Advance payment election established.The commissioner must establish
322	322	10.26a process to allow an eligible senior claimant to elect to receive advance credit of the
323	323	10.27homestead credit refund, as provided in this section.
324	324	10.28 Subd. 2.Election for senior claimants to receive advance payments.At the time of
325	325	10.29filing a claim for the homestead credit refund, an eligible senior claimant may elect to
326	326	10.30receive an advance credit of the claimant's homestead credit refund for property taxes payable
327	327	10.31in the following year by applying for the advance homestead credit for seniors under section
328	328	10Sec. 9.
329	329	25-01443 as introduced01/21/25 REVISOR EAP/CH 11.1273.1389. The application must be made in the form and manner specified by the
330	330	11.2commissioner, but the claimant must attest that they intend to continue to occupy the same
331	331	11.3homestead in the following year.
332	332	11.4 Subd. 3.Reconciliation.(a) A claimant's homestead credit refund is reduced by the
333	333	11.5amount of any advance homestead credit for seniors under section 273.1389 received by
334	334	11.6the claimant. If a claimant's credit exceeds the amount of the refund for which the claimant
335	335	11.7was eligible, the claimant must repay to the commissioner the difference between the amount
336	336	11.8of advance payments received and the credit amount for which the claimant is eligible.
337	337	11.9 (b) The commissioner must deposit repayments under this subdivision in the general
338	338	11.10fund.
339	339	11.11 (c) A claimant that receives an advance credit under this section and section 273.1389
340	340	11.12must file a claim for a homestead credit refund for the property taxes payable year for which
341	341	11.13the advance credit was received.
342	342	11.14 EFFECTIVE DATE.This section is effective for advance payment elections after
343	343	11.15December 31, 2025, for credits applied to property taxes payable in 2027 and thereafter.
344	344	11Sec. 9.
345	345	25-01443 as introduced01/21/25 REVISOR EAP/CH